ICICI Bank has announced its Q3 FY26 results, reporting a standalone net profit of ₹11,318 crore, marking a 4% year-on-year decline. This figure contrasts with previous fiscal years' Q3 results which showed significant profit growth, such as a 23.5% rise in Q3 FY24 and a 14.8% increase in Q3 FY25. Despite the dip in profit, the bank's Net Interest Income (NII) saw an 8% year-on-year increase. The results were published on January 17, 2026. Additionally, the article mentions the extension of CEO Sandeep Bakhshi's term. While his term was indeed extended, the article inaccurately states the duration as two years. Official records and multiple credible news sources confirm that the Reserve Bank of India (RBI) approved Sandeep Bakhshi's re-appointment as MD & CEO for a period of three years, effective from October 4, 2023, until October 3, 2026. This decision by the RBI was announced in September 2023. This news is highly relevant to an Indian audience as ICICI Bank is one of the largest private sector banks in the country, and its financial performance significantly impacts the broader financial market.